Nano Zinc Oxide Market Analysis: Growth Opportunities And Challenges
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Market Dynamics:
- Drivers: Increased application in the construction sector and growing demand from biomedical fields.
- Restraints: Environmental concerns related to the toxicity of metal-based nanomaterials.
- Opportunities: Supportive government initiatives and innovative waste management solutions are expected to create lucrative growth opportunities.
Segment Insights
By Type:
- Uncoated Nano Zinc Oxide dominated the market in 2020, holding more than three-fifths of the share. It is also expected to record the fastest CAGR of 22.1% during 2021–2030, owing to its UV-blocking and free radical protection properties in skincare.
- Coated Nano Zinc Oxide also continues to play a significant role across various applications.
By Application:
- Personal Care & Cosmetics was the largest segment in 2020, contributing nearly three-fifths of the market share, primarily due to its use in sunscreens and skincare products.
- Paints & Coatings is forecast to grow at the highest CAGR of 23.1%, driven by rising demand for advanced protective coatings.
By Region:
- Europe, followed by North America, accounted for the highest revenue share in 2020, supported by rapid industrialization and heavy investments.
- Asia-Pacific is set to register the fastest growth, with a CAGR of 23.3%, fueled by rising demand from cosmetics and paints & coatings industries.
Leading Market Players
- BASF SE
- EverZinc
- Griller-Werke AG
- Inframat Advanced Materials, LLC
- Lanxess Corporation
- Nanophase Technologies Corporation
- Pan-Continental Chemical Co., Ltd.
- Sakai Chemical Industry Co., Ltd.
- Showa Denko Materials Co., Ltd.
- Umicore N.V.
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Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Allied Market Research
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